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The Independent UK
The Independent UK
National
Via AP news wire

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Copyright 2022 The Associated Press. All rights reserved

Europe is struggling to find ways to stop paying Russia $850 million a day for energy and hit the Kremlin's finances over its invasion of Ukraine. Leaders of the 27-member European Union are finding that reversing decades of dependence on Russian oil and natural gas is not a simple matter.

The EU is now discussing sanctions on Russian oil, including a possible boycott. Here is what such a move could mean for people in Europe and the rest of the world:

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